Millet

Chinese Hulled Millet: Price Risk

Spread the news!

DALIAN: The demand for terminal millet is weak, the operating rate of rice factories across the country is low. The consumption of raw grain is shrinking, a small amount of inventory is mainly consumed, and the transaction volume of upstream and downstream is small. The grassroots grain source in most production areas is about 25%, and farmers are reluctant to sell and hope for an increase, making it more difficult to load goods. There is a certain amount of inventory in the intermediate links. The holders of the goods have a strong price-defying mentality, and a few purchases at a staged price increase. At present, the change of grain price is out of the market supply and demand side. The short-term price has good support, and it may be adjusted slightly around the end of the month.

Mintec Global

Current Market Price in FOB China for Chinese Hulled Millet

Product Name Chinese Hulled Millet
Purity 99.95%
Moisture 10% max
Package 25kg paper bag
FOB Dalian Usd1280-1320/mt
Delivery 25  days after signing the contract